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Jan 19, 2013
01/13
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all have state -- no state income tax and create more jobs. without the income tax they were forced to limit the growth of their government. every state has prisons, schools but they find a way to fund those for less. those nine states gained population from other states, increase jobs four point* 9%. the other states declined. competition between neighboring states keeps them from indulging. new hampshire kept vermont politicians from going crazy. the existence of arizona and nevada teacher the california legislator from going crazy. they still do despite so many people moving. but it is good we have places like texas. smaller government
all have state -- no state income tax and create more jobs. without the income tax they were forced to limit the growth of their government. every state has prisons, schools but they find a way to fund those for less. those nine states gained population from other states, increase jobs four point* 9%. the other states declined. competition between neighboring states keeps them from indulging. new hampshire kept vermont politicians from going crazy. the existence of arizona and nevada teacher...
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Jan 18, 2013
01/13
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. >> tax fraud appears to be a popular past time in u.n. prisons. a new report by treasurer's department says the irs detected more than 173,000 fraudulent tax returns from inmates last year. that's more than twice the number detected in 2010. some inmates steel identity from obituaries some even use their own but fudge the numbers to try to get much bigger tax refunds they deserve. in 2012 two inmates alone tried to claim more than $1 billion. the good news is the irs says it stopped those two and others from illegally claiming 2.5 billi 2.5 billion in last refunds last year. they are stepping up enforcement but says more needs to be done. $35 million slipped through the cracks and so the irs says it's very successful at detecting and stopping in incorrect refunds when prisoner data is available it adds there are significant challenges getting complete and consistent data from the multiple jurisdictions involved. still the agency says if committed to enhancing the process is to further minimize prisoner refund fraud. >> it is now 44 after the top o
. >> tax fraud appears to be a popular past time in u.n. prisons. a new report by treasurer's department says the irs detected more than 173,000 fraudulent tax returns from inmates last year. that's more than twice the number detected in 2010. some inmates steel identity from obituaries some even use their own but fudge the numbers to try to get much bigger tax refunds they deserve. in 2012 two inmates alone tried to claim more than $1 billion. the good news is the irs says it stopped...
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Jan 14, 2013
01/13
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don't forget the dependency deduction, child tax credit and earned income tax credit. all of which relate to cost of raising kids but have different requirement based on the child's location and legal status. experts say not to expect meaningful tax reform this year. >> you have a clear commitment on the part of president obama and democrats to use tax reform as means of raising extra revenue. not creating re-knew neutrality. if you try to raise revenue out of tax reform you will get higher rates. >> at the news conference, president obama made clear what he thinks about the 4 million words simplifying them or using them to promote economic growth are not priorities. >> from the start, my concern was making sure that we had a tax code that was fair. and protected the middle class. >> another related reason who i the tax code reform never gets done each loophole credit, preference and provision is favored by some interest group or another. which is in turn backed by veritable army of lawyer, accountant fighting to keep them where they are. >> bret: thank you. no grapevi
don't forget the dependency deduction, child tax credit and earned income tax credit. all of which relate to cost of raising kids but have different requirement based on the child's location and legal status. experts say not to expect meaningful tax reform this year. >> you have a clear commitment on the part of president obama and democrats to use tax reform as means of raising extra revenue. not creating re-knew neutrality. if you try to raise revenue out of tax reform you will get...
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Jan 21, 2013
01/13
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he's a liberal democrat or a radical democrat, who wants bigger government, higher taxes, more power in washington. redistributionist policies and secular values and that is who he is and i think rather than hoping he'll somehow moderate, we should set our own agenda and we should look where we have leverage. i actually think, mike, that the house republicans were very wise in williamsburg to decide that they were not going to fight over the debt ceiling over the next three months, get na out of the way for 90 days and then focus on the continuing resolution, on the sequester. because they fit exactly what the president said. this is real spending. i mean, under our constitution, nothing can be spent that the house does not pass. and so, the house republicans really have an opportunity to set a whole new standard not trying to figure out what kind of deal obama wants, but deciding what in good conscience they're willing to past. >> mike: in your experience as speaker of the mouse and somebody who as really engineered the republican takeover of the house back in the 1994 elections, sp
he's a liberal democrat or a radical democrat, who wants bigger government, higher taxes, more power in washington. redistributionist policies and secular values and that is who he is and i think rather than hoping he'll somehow moderate, we should set our own agenda and we should look where we have leverage. i actually think, mike, that the house republicans were very wise in williamsburg to decide that they were not going to fight over the debt ceiling over the next three months, get na out...
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Jan 20, 2013
01/13
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california, an ngry homeowner getting his version of revenge on the tax man. upset in the 14,000 tax bill and the man paying most of it in change wheeling in nickels and dimes. >> i had to borrow money and missing a few payments . my grand kids piggy bank my daughter's piggy banks and my mon yechange and a lot of people offered to help. >> the clerk surprised to say the least but accepted it after counting it. pennsylvania. penguins on parade. stars of the show waddling their way past crowds of curious family. >> she was excite we ran all the way here. >> they were wademing aroundd and they will do this every weekend through february. >> that's the fox watch in america. car lovers from all over putting the pedal to the medal and racing to scottsdale, arizona . you have to go there to get the coolest cars . it is it best to steer clearr of the auctioneer who i understand is going crazy right now . auctioning in full speed. i could listen to that all day. they will pick up that for his wife. their anniversary. good bless them. >> sale of the hot wheels expected
california, an ngry homeowner getting his version of revenge on the tax man. upset in the 14,000 tax bill and the man paying most of it in change wheeling in nickels and dimes. >> i had to borrow money and missing a few payments . my grand kids piggy bank my daughter's piggy banks and my mon yechange and a lot of people offered to help. >> the clerk surprised to say the least but accepted it after counting it. pennsylvania. penguins on parade. stars of the show waddling their way...
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Jan 21, 2013
01/13
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he's a liberal democrat or a radical democrat, who wants bigger government, higher taxes, more power in washington. redistributionist policies and secular values and that is who he is and i think rather than hoping he'll somehow moderate, we should set our own agenda and we should look where we have leverage. i actually think, mike, that the house republicans were very wise in williamsburg to decide that they were not going to fight over the debt ceiling over the next three months, get na out of the way for 90 days and then focus on the continuing resolution, on the sequester. because they fit exactly what the president said. this is real spending. i mean, under our constitution, nothing can be spent that the house does not pass. and so, the house republicans really have an opportunity to set a whole new standard not trying to figure out what kind of deal obama wants, but deciding what in good conscience they're willing to past. >> mike: in your experience as speaker of the mouse and somebody who as really engineered the republican takeover of the house back in the 1994 elections, sp
he's a liberal democrat or a radical democrat, who wants bigger government, higher taxes, more power in washington. redistributionist policies and secular values and that is who he is and i think rather than hoping he'll somehow moderate, we should set our own agenda and we should look where we have leverage. i actually think, mike, that the house republicans were very wise in williamsburg to decide that they were not going to fight over the debt ceiling over the next three months, get na out...
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Jan 19, 2013
01/13
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people would put money into these plans and grow tax deferred and the benefit of growth with the tax deferral is significant. the goal is stay away from dipping into those plans, right? and however, you have a current economy with sluggish gdp growth, languishing employment market that just continues. so now people are going, i think that the "washington post" did a study that one in four people now have tapped into their retirement 401(k) plans in order to pay like you said, everyday expenses. one of the things to think about is, and i know arthel, this isn't the greatest thing, but maybe a second part-time job. maybe one thing rather than tapping into that, you can earn extra income if you have the ability to do that. another way to do this potentially is if you have a strong credit score and you have some equity in your home, you could take out a home equity line of credit and write off the interest payments. interest rates are very low at this current time. so you can take advantage of the fact that they are low when borrowing against your home, if you have equity in your home. i
people would put money into these plans and grow tax deferred and the benefit of growth with the tax deferral is significant. the goal is stay away from dipping into those plans, right? and however, you have a current economy with sluggish gdp growth, languishing employment market that just continues. so now people are going, i think that the "washington post" did a study that one in four people now have tapped into their retirement 401(k) plans in order to pay like you said, everyday...
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Jan 15, 2013
01/13
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we shouldn't be giving taxpayer handouts to tax cheats. amendment 40 prohibits the distribution of funds to dead people. a common sense antifraud measure. amendments number 41 and 42 require the department of housing housing and urban development apply existing cost recovery provisions when taxpayer money is used to repair a home. currently hud has the option of applying the standard. my amendment requires hud recover the grant money when the home owner sells the home. this amendments make sure that hud makes their their best effort to recover the full amount of the taxpayer grant, and if the home owner has any profits from the sale of the property. in other words, we'll help you, bit of you profit in the sale of your home, you'll repay the taxpayers. we cannot continue to spend. these amendments protect taxpayers. thank you very much. [inaudible] >> thank you, mr. chairman, and the ranking lady. as members of congress we're stewards of the public treasurery and have an obligation to spend the taxpayers' money wisely. i have an amendment t
we shouldn't be giving taxpayer handouts to tax cheats. amendment 40 prohibits the distribution of funds to dead people. a common sense antifraud measure. amendments number 41 and 42 require the department of housing housing and urban development apply existing cost recovery provisions when taxpayer money is used to repair a home. currently hud has the option of applying the standard. my amendment requires hud recover the grant money when the home owner sells the home. this amendments make sure...
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Jan 18, 2013
01/13
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>>gretchen: the president putting his campaign staff back to work as a tax-exempt group. we'll explain coming up. >>brian: the dad had one condition. if the kids wanted a puppy, get this, the kids won. there is no mass-produced human. every human being is unique. and there is one store that recognizes it. the sleep number store. the only place in the world you'll find the extraordinarily comfortable sleep number experience. an exclusive collection of innovations that totally individualizes your sleep. pillows that adjust for cradling comfort. temperature-balancing bedding. dual warmth comforters. all designed around the sleep number bed: a bed with dual-air technology that allows you to adjust to the support your body needs. each of your bodies. in the name of human individuality: the sleep number collection. discover how our sleep professionals can individualize your sleep experience. exclusively at one of our 400 sleep number stores nationwide. sleep number. comfort ... individualized. save $500 on our special edition bed set. plus, 48-month financing on all beds. now a
>>gretchen: the president putting his campaign staff back to work as a tax-exempt group. we'll explain coming up. >>brian: the dad had one condition. if the kids wanted a puppy, get this, the kids won. there is no mass-produced human. every human being is unique. and there is one store that recognizes it. the sleep number store. the only place in the world you'll find the extraordinarily comfortable sleep number experience. an exclusive collection of innovations that totally...
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Jan 19, 2013
01/13
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man who has raised taxes on just about everybody. has run up 4 consecutive trillion-dollar federal budget deficits in his first term. he has an economy that is not being returned to prosperity. 23 million people still unemployed. we have, i think bill. i think if i may. you undersell folks just a little bit in that i think everybody is smart enough to know there is is a problem. i think everybody is pretty much smart enough to know that we have got to come up with a solution. when you have a national media part of this coalition of interest and depen dense on the democratic party, there is no way for them to have validation. there is no way for them to have an aggressive watchdog that would normally, traditionally, historically be attacking the miss adventure of those in power. >> we agree that the media is in the tank. i'm almost stunned that you think, to quote you, everybody understands the issue. i will tell you why, you go right outside the fox news channel building now and you stop people and go what about the federal debt? com
man who has raised taxes on just about everybody. has run up 4 consecutive trillion-dollar federal budget deficits in his first term. he has an economy that is not being returned to prosperity. 23 million people still unemployed. we have, i think bill. i think if i may. you undersell folks just a little bit in that i think everybody is smart enough to know there is is a problem. i think everybody is pretty much smart enough to know that we have got to come up with a solution. when you have a...
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Jan 18, 2013
01/13
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raising taxes on the rich would balance the budget, it didn't. banning rifles with certain cosmetic features will prevent shootings, that's not true. and the real question is his motives and stated reasons don't make sense. people have a right to have answer and i don't know what it is. >> megyn: is it because he was born in kenya, a muslim, or the ability for like the bill clinton did, to break through and say i was born in hawaii. >> he is a different kind of president than we've ever seen. he's an african-american man, to start with. he's also a little bit more academic. he's one of those people that sort of internalizes and processes things before he comes out and states his policy. very different from president bush and clinton who were about nicknames and joked around a little bit, and more overt. and a man who has written two books about his life and vetted through two presidential campaigns and tucker working on campaigns, we go to great lengths to try to dig up any dirt we can, so i think there's much dirt to be found, but i will say thi
raising taxes on the rich would balance the budget, it didn't. banning rifles with certain cosmetic features will prevent shootings, that's not true. and the real question is his motives and stated reasons don't make sense. people have a right to have answer and i don't know what it is. >> megyn: is it because he was born in kenya, a muslim, or the ability for like the bill clinton did, to break through and say i was born in hawaii. >> he is a different kind of president than we've...
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Jan 18, 2013
01/13
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before the green energy companies would get tax credits. >> yes. bill: but through the stimulus law that was signed, they received money. >> oh, yes. bill: cold cash. >> called section 1603 of the american recovery and reinvestment act which is in 2009 as you mentioned. about $16 billion have been dolled out so far. 4 billion gone to the foreign companies. basically going back to a lot of them, spanish, company, spanish renewable energy company got $1.8 billion from the u.s. taxpayers to do work here in the united states. but isn't the goal here to basically spur on growth of american companies. create american jobs? sure. bill: i agree with you. that is what we thought it was for though. >> we did. bill: what that shows you this white house was dead set on pursuing a green energy policy. and they did it through a stimulus that we thought was going for something else. >> at all costs too. basically they're taking our hard-earned money at a time when we're running, about, how much trillions of dollars we're in debt right now? you're taking money to
before the green energy companies would get tax credits. >> yes. bill: but through the stimulus law that was signed, they received money. >> oh, yes. bill: cold cash. >> called section 1603 of the american recovery and reinvestment act which is in 2009 as you mentioned. about $16 billion have been dolled out so far. 4 billion gone to the foreign companies. basically going back to a lot of them, spanish, company, spanish renewable energy company got $1.8 billion from the u.s....
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Jan 14, 2013
01/13
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taxes have to be paid through some monies. >> let's say prudent tax policy is based on an idea that taxing consumption as opposed to means of pronunciation like income is a better way to go. that is why they are looking at that in louisiana. transportation is a quality of life issue. it is a business recruitment issue, it's been insold for 20 years in virginia. i'm trying to create a conservative, principled way to do that. i would use public private partnership and put money into transportation. we still have a problem in our major metro areas, i think this is creative way, kill one tax and move it to tax that grows with economic development and that will raise more money for roads. >> neil: 17 cents a gallon you lose on the state tax on gasoline, you'll have to make up initially with a fairly substantial hike in sales taxes, aren't you? >> it goes from 5% to 5.8%. essentially a revenue neutral conversion in year one but it grows because the sales tax grows faster than the gas tax because of inflation. >> neil: so you don't buy the argument that a tax on consumption of any sort limits tha
taxes have to be paid through some monies. >> let's say prudent tax policy is based on an idea that taxing consumption as opposed to means of pronunciation like income is a better way to go. that is why they are looking at that in louisiana. transportation is a quality of life issue. it is a business recruitment issue, it's been insold for 20 years in virginia. i'm trying to create a conservative, principled way to do that. i would use public private partnership and put money into...
SFGTV: San Francisco Government Television
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Jan 15, 2013
01/13
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take things for granted without having empirical data we have this habit that we can just spend the tax payers money. i know farmers in the mid-west who are paid not to till the land while half the land they grow corn which when the final product comes out costs $74 a gallon. tank clean energy. so we need to go deeper into it. it's not to say that the deliberation here favors that we do the right thing. we really need to do the right hing with empirical data, not with fluff, and as one who is a philosopher and i go really deep into things and read stuff i will not tolerate fluff. i will expose it. i will shine light where there is darkness. thank you very much. >> thank you. any other members of the public would like to comment? seeing none. we will close public comment. and madam clerk do we have any other items before us? >> no mr. chr app >> hey, guys, known a with the weekly. much to do and much to see. here the top activities at the top of my list. this tuesday, january 15th, the sf main library will feature free film night and reception and celebrate 2013. join itbs for viewing
take things for granted without having empirical data we have this habit that we can just spend the tax payers money. i know farmers in the mid-west who are paid not to till the land while half the land they grow corn which when the final product comes out costs $74 a gallon. tank clean energy. so we need to go deeper into it. it's not to say that the deliberation here favors that we do the right thing. we really need to do the right hing with empirical data, not with fluff, and as one who is a...
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Jan 17, 2013
01/13
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ronald reagan raised the debt ceiling when necessary without complaint, and raised taxes more than once. and reagan was in favor of a ban on assault weapons just like president obama. >> right, and that comment was a way of saying that these are very centrist reforms, really common sense things that most americans agree with. he emphasized that in a few ways and a few times during that time. and i think the framing you're talking about, too, is really important. it is not just guns they're looking at. they're looking at mental health and research, links between violent media. you know, they are looking at more armed school resource officers at schools and providing funding for that. but i think constantly framing it, these are things that just make sense that the majority of americans support. and how can the republicans be so intransigent, not be even willing to discuss or consider any of these measures. >> richard, a month ago we heard the pundits say hand it off to joe biden and you will be involved in a senate committee process and lose all the momentum. well, this president/joe bid
ronald reagan raised the debt ceiling when necessary without complaint, and raised taxes more than once. and reagan was in favor of a ban on assault weapons just like president obama. >> right, and that comment was a way of saying that these are very centrist reforms, really common sense things that most americans agree with. he emphasized that in a few ways and a few times during that time. and i think the framing you're talking about, too, is really important. it is not just guns...
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Jan 16, 2013
01/13
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because there is a large transfer of wealth in tax dollars from the north down to the south. so why they would want to mess with that arrangement is beyond me. >> professor michael eric dyson and ryan grim whose office enjoys watching our broadcast even as he speaks to us, thanks very much. much more ahead. but first sue herrera has the market wrap. >> good afternoon. here's a look how today wall street finished the trading session. it snapped a winning streak. and the dow finishes the trading session on the downside by about 24 points or so. the standard & poor's fractionally higher by a quarter of a point. and the nasdaq up about seven points on the trading session. that's it from cnbc. we are first in business worldwide. martin is back after a very quick break. ♪ ♪ [ male announcer ] this is karen and jeremiah. they don't know it yet, but they're gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get marr
because there is a large transfer of wealth in tax dollars from the north down to the south. so why they would want to mess with that arrangement is beyond me. >> professor michael eric dyson and ryan grim whose office enjoys watching our broadcast even as he speaks to us, thanks very much. much more ahead. but first sue herrera has the market wrap. >> good afternoon. here's a look how today wall street finished the trading session. it snapped a winning streak. and the dow finishes...
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Jan 17, 2013
01/13
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art laffer, architect of the reagan tax cuts in the 1980s. good morning to you. >> good morning, bill. i'm fine. bill: blackmail, what do you say? >> blackmail! i think part of the normal checks and balances in government. when the democrats have president and controlled of the senate they don't like republicans to control their spending when. republicans are in control, democrats don't like it. it is a tool used by congress to make sure that we have fair and balanced policy going forward. the one i love, bill, if you look at "the wall street journal" today they have barack obama's speech before the senate when bush was president. and how he was going to vote against raising the debt ceiling and he made this beautiful speech, all of which is perfectly correct. it just now he is on the opposite side of the equation. it is a silly argument. bill: he went on to explain as he has see things differently as senator than president in the white house. >> of course you do. >> some conservatives argue this. i want to get your feeling on this. focus on
art laffer, architect of the reagan tax cuts in the 1980s. good morning to you. >> good morning, bill. i'm fine. bill: blackmail, what do you say? >> blackmail! i think part of the normal checks and balances in government. when the democrats have president and controlled of the senate they don't like republicans to control their spending when. republicans are in control, democrats don't like it. it is a tool used by congress to make sure that we have fair and balanced policy going...
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Jan 21, 2013
01/13
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he says his current tax rate is over 60%. check it out, this cat in england seeing snow for the fist time ever. fletcher can't get enough of it. as if he's trying to catch it. very cute. steve? >> steve: thanks. we've been talking about it all morning. the president is expected to emphasize the need for common ground in washington in his inaugural speech today, which is also what he promised four years ago. >> we come to preclaim an end to the petty grievances and false promises, the recriminations and worn out dogmas that for far too long have strangled our politics. >> steve: joining us is fox news legal analyst peter johnson, jr. we sat in these chairs four years ago. has he kept that promise? >> i think today is a day for new beginning, steve. in some ways he has not kept those promises. this is a at this of great anticipation. it's momentous in our american pageant. it's a day when we say that common ground is the most important part of our lives. common ground, though, means yielding ground. common ground doesn't merely
he says his current tax rate is over 60%. check it out, this cat in england seeing snow for the fist time ever. fletcher can't get enough of it. as if he's trying to catch it. very cute. steve? >> steve: thanks. we've been talking about it all morning. the president is expected to emphasize the need for common ground in washington in his inaugural speech today, which is also what he promised four years ago. >> we come to preclaim an end to the petty grievances and false promises,...
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Jan 19, 2013
01/13
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he they are tax exempt. i thought we were all supposed to be patriotic and pay our fair share. why would the president set up an organization that specifically uses that loophole in the law that allows them to be tax exempt when they could be paying their fair share because this is a multi-million-dollar operation, right? so that puts them in the 1% of organizations across america. i say, mr. president, fine. go ahead and have your organization, pay taxes on it like the rest of us have to when we get out and speak in our businesses and personal lives. >> alisyn: governor, what's the mission statement of this group and how is that going to differ from what the dnc does? >> they will work in concert with the mainstream media to provide a double edge sword so that the president's message is not only on the official networks of record but it will also now be on a pure campaign mode. >> alisyn: i'm picking up what you are putting down with facetiousness: they will be campaigning for the president's issues. >> yeah. i will be honest with you i don't have a problem that they would gin
he they are tax exempt. i thought we were all supposed to be patriotic and pay our fair share. why would the president set up an organization that specifically uses that loophole in the law that allows them to be tax exempt when they could be paying their fair share because this is a multi-million-dollar operation, right? so that puts them in the 1% of organizations across america. i say, mr. president, fine. go ahead and have your organization, pay taxes on it like the rest of us have to when...
SFGTV: San Francisco Government Television
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Jan 14, 2013
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increpts that is baseline established and growth above that baseline of what pedestrian interest tax and so it's similar to increment financing and these are at the growth and tax of project's cause that otherwise go to the taxing entities pribblely the generally fund and we hold those proceeds to repay the investment and infrastructure. so no, to the proposed policy. there has been a long tradition both in the charter and in the burton act that the harbor fund is a self supporting the port is a self supporting enterprise and the city obviously, we pay for that was we purchase from the city and we want to maintain a balance so that the 50 city is not subsidizing the hash fund for our activities and the general services that we require from the city and so we have under taken a nexxus analysis in 2004 and eight that looks at the balance of payment and the next is the methodology that ports with long term leases where the tenants pay tax they pay ampleel tax to be provided these services like any other taxpayer and so the nexxus analysis looks at the unleased land and infrastructure on
increpts that is baseline established and growth above that baseline of what pedestrian interest tax and so it's similar to increment financing and these are at the growth and tax of project's cause that otherwise go to the taxing entities pribblely the generally fund and we hold those proceeds to repay the investment and infrastructure. so no, to the proposed policy. there has been a long tradition both in the charter and in the burton act that the harbor fund is a self supporting the port is...
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Jan 16, 2013
01/13
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not only do you have to raise the debt ceiling but you -- the republicans have to agree raise taxes. who house th has the gun
not only do you have to raise the debt ceiling but you -- the republicans have to agree raise taxes. who house th has the gun
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Jan 21, 2013
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they file taxes. now, i know you are against refunds, but do you think it's possible they delay refunds? >> i'm hopeful it's not. i think the reality is congress will do the right thing. possibly suspend the debt ceiling, allow for, you know, lenders to get paid both, you know, people holding treasuries as well as people who are actually lending the government money expecting a refund. gerri: if this gambit from the republicans does not work, are some at risk after not getting the refund? >> anything's possible. look, at the end of the day, if the ceiling is not raised and restrict expenses somewhere, refunds could be down the road. irs says if you electronically file, expect a refund within ten days, similar to last year, but, you know, they could say that now not knowing what's going to happen just, you know, a few weeks from now. gerri: we have no idea. the reality is the irs does not control this. >> absolutely not. gerri: that they have to react,d it takes a long time to make changes that need to
they file taxes. now, i know you are against refunds, but do you think it's possible they delay refunds? >> i'm hopeful it's not. i think the reality is congress will do the right thing. possibly suspend the debt ceiling, allow for, you know, lenders to get paid both, you know, people holding treasuries as well as people who are actually lending the government money expecting a refund. gerri: if this gambit from the republicans does not work, are some at risk after not getting the refund?...
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Jan 16, 2013
01/13
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on the tax deal, house republican leaders had political cover from senate republicans. on sandy, chris christie provided the political cover, leaving house leaders, frankly, cowering. now the kotch brothers, through a group they backed, called americans for prosperity, are the latest to give boehner and other house leaders cover on the debt ceiling, as they get their rank and file to pick other political fights. tim phillips, president of americans for prosperity, told the financial times, quote, we're saying calibrate your message, focus on long-term spending instead of long-term debt. focusing on the debt ceiling makes the message more difficult. when i asked walden about the debt ceiling yesterday, he was clearly noncommittal, hinting on where the republican leadership maybe is on this. if there's not a majority in the house republican to raise the debt limit, but there is a majority in the house of representatives to raise a clean debt limit, would this leadership be willing to do that? >> you know, let's look at how do we avoid default on america and american's deb
on the tax deal, house republican leaders had political cover from senate republicans. on sandy, chris christie provided the political cover, leaving house leaders, frankly, cowering. now the kotch brothers, through a group they backed, called americans for prosperity, are the latest to give boehner and other house leaders cover on the debt ceiling, as they get their rank and file to pick other political fights. tim phillips, president of americans for prosperity, told the financial times,...
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Jan 16, 2013
01/13
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we already took a step in that direction in the tax reform bill that we pass the tax bill, the so-called p's provision. we have to look at it better. there's a proposal, and where's the budget? well, the president had in budget proposals a 28% limit on deductions itemized deductions, and i think we need to look at that, but carefully, charitable contributions, for example, mortgage interests, state and local taxes so that's a major area and the president proposed essentially $600 or $700 billion in ten years from that areament i don't think we can now obtain that much even if we adopt the president's 28% limit, but -- >> host: why not? >> guest: why not? because i think we have to look at the impact on charitable contributions. most -- half of the charitable contributions in the country, a lot of us, most contribute something, but a lot comes from the very wealthy. i think we need to be careful we don't come too -- come down too hard -- >> host: we need more coffee. >> guest: we have to look at that, and, also, let me mention interest. most viewers probably don't know what carrieded inte
we already took a step in that direction in the tax reform bill that we pass the tax bill, the so-called p's provision. we have to look at it better. there's a proposal, and where's the budget? well, the president had in budget proposals a 28% limit on deductions itemized deductions, and i think we need to look at that, but carefully, charitable contributions, for example, mortgage interests, state and local taxes so that's a major area and the president proposed essentially $600 or $700...
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Jan 18, 2013
01/13
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other things you might want to consider as part of this is expanding the multiple sales tax in ways along the southwest border stay with firearms so we can also have hopeful sales on assault weapons and other concerning long guns. the second policy recommendation is you really need to enact an effective firearms to version our trafficking statute. the two most commonly used, even though there is close to 40 different statutes available to atf and making gun trafficking cases come in the two most common statutes used or engaged in the business of selling firearms without a license or falsifying the atf form 4473. both are very difficult to prove. for example in the kern report, he would have been those investigations were atf agents what if some are investigating teaching and dealing that advice and violation, only viewable to church and 38% the cases. also find the 4473 farm, only boat to charge that important% of the cases because they were very difficult prove in the instance that engage in the business of the firearms license, you could stand to sell it if a private rocket for my colle
other things you might want to consider as part of this is expanding the multiple sales tax in ways along the southwest border stay with firearms so we can also have hopeful sales on assault weapons and other concerning long guns. the second policy recommendation is you really need to enact an effective firearms to version our trafficking statute. the two most commonly used, even though there is close to 40 different statutes available to atf and making gun trafficking cases come in the two...
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Jan 15, 2013
01/13
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say they they make up 16% of the taxes collectle in the country. all the different argument. what about the concern over the country's fiscal situation. and how it factors in to this particular disaster relief bill after the house passed the $9 billion relief bill, the first tranche of relief the last two weeks. new jersey governor chris christie criticized for the delay to this point. thenate doing something two weeks ago. it seems to me that the criticism it's a blunt instrument. 1.6% of discretionary spending lop it off and throw it away. if you look at priest proposals, doing away with the legal services and you think wait a minute. there is a political agenda here being pursued by people who want to do away with the discretionary spending. the comeback has been this is the first time. you have never had a situation where disaster relief has been attached to, the compensatory cuts in the rest of the budget. >> bret: right. that is a fair point. they makebe is that to tie all of this together has not happened before. it didn't happen in katrina and it didn't happen in othe
say they they make up 16% of the taxes collectle in the country. all the different argument. what about the concern over the country's fiscal situation. and how it factors in to this particular disaster relief bill after the house passed the $9 billion relief bill, the first tranche of relief the last two weeks. new jersey governor chris christie criticized for the delay to this point. thenate doing something two weeks ago. it seems to me that the criticism it's a blunt instrument. 1.6% of...
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Jan 14, 2013
01/13
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taxes raised a bit but no sequester. we saved the lady. but we ourselves had tied to the track. >> the plan would also delay across-the-board spending cuts for defense and most federal agencies. but only for two months. kicking the can on tough decisions to reduce government spending >> jon: did i say save? i meant moved her a half mile further down the track. so these massive spending cuts will coincide with another debt ceiling battle. is there anything in this debacle that we can all agree on? >> house speaker john boehner had kind of a rough week here. the at a party folks not happy with the deal that he struck >> the president was able to get the speaker to undo everything he had promised he would do >> where are you? mr. speaker, we need leadership. >> tonight i am ashamed, shame on you, mr. speaker. >> jon: republican or democrat, senator or congressman, team edward or team jacob, everyone agrees john boehner sucks. at least we can be assured that as the incoming congress votes for a new speaker of the house, it's clear what the out
taxes raised a bit but no sequester. we saved the lady. but we ourselves had tied to the track. >> the plan would also delay across-the-board spending cuts for defense and most federal agencies. but only for two months. kicking the can on tough decisions to reduce government spending >> jon: did i say save? i meant moved her a half mile further down the track. so these massive spending cuts will coincide with another debt ceiling battle. is there anything in this debacle that we can...
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Jan 17, 2013
01/13
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the way to do that is through a fair, flat tax. host: we are not really talking about that this morning. we are talking about the gun proposals specifically. what kind of gun do you have? caller: i have more than one because i am a hunter. i enjoy hunting. again, back to what we were saying before. that is about all i want to say about it. i think mr. obama and the congress both do not have a clue about what is going on out here in the real world. host: adalfo, what are your thoughts? caller: when i went to high school there was a police presence at all times. the sheriffs are the -- in charge of the campus. in regards to the president's comments, i think there are far reaching and might be unconstitutional. i helped john boehner and mitch mcconnell work hard to prevent him -- i hope john boehner and mitch mcconnell work hard to prevent him from doing whatever he wants. he cannot do what ever he wants. i think they should work together. it was a sad thing what happened on the east coast. that does not go to the root of the problem.
the way to do that is through a fair, flat tax. host: we are not really talking about that this morning. we are talking about the gun proposals specifically. what kind of gun do you have? caller: i have more than one because i am a hunter. i enjoy hunting. again, back to what we were saying before. that is about all i want to say about it. i think mr. obama and the congress both do not have a clue about what is going on out here in the real world. host: adalfo, what are your thoughts? caller:...
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Jan 20, 2013
01/13
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>> he enacted the largest tax increase at the state level in history. i resigned as the chief republican whip in protest. john: he also funded stem cell research. i talk to the guy pushing this and i said you could pay for this yourself why is it a government job? >> democrats wanted to stick a thumb into the eye of georgia bush just like the emission standards to say we are californians. john: then i read this organization has to be revamped, a conflict of interest, all of this money is invested? >> now with about the initiative another large tax increase in history now by $50 billion. but they are lying. revenue projections will not come true. the balanced budget looks good in jittery but then the revenues come of you say it is a shortfall. it could be a billion or $30 billion. we will see that happen again. john: chuck devore you moved to texas? >> the states are so similar. population, the second and third states with land mass mass, more similar than different, both last with natural resources and a coastline with ports. similar on the surface why
>> he enacted the largest tax increase at the state level in history. i resigned as the chief republican whip in protest. john: he also funded stem cell research. i talk to the guy pushing this and i said you could pay for this yourself why is it a government job? >> democrats wanted to stick a thumb into the eye of georgia bush just like the emission standards to say we are californians. john: then i read this organization has to be revamped, a conflict of interest, all of this...
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Jan 15, 2013
01/13
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even if we go to the brink, they will keep taking the taxes out. tax revenue keeps coming in what washington has to decide is prioritizing what money goes out and where? what do you think is top, top priority. the bill to pay before all others? like if we were in same boat, same emergency we would pay the mortgage or rent first to keep a roof over our head, we prioritize, so does uncle sam like we know we might as well toss our home good-bye. the government knows a default comes only, when obligations to spreadtorcreditors or investorst paid. that is their mortgage emergencies, that upsetting the other stuff, defaulting it is not, that is why some republicans are paying so tough, raise but only if you match in equal spending cut, president said that is crazy, tea party activist thinks that going through this shar charade is cr, what do you think? >> i am so glad that you are pointing this out, i think it is so irresponsible -- i know that very few others in the media are going to point this out. this is a perpetual problem, it is a lie. and it is u
even if we go to the brink, they will keep taking the taxes out. tax revenue keeps coming in what washington has to decide is prioritizing what money goes out and where? what do you think is top, top priority. the bill to pay before all others? like if we were in same boat, same emergency we would pay the mortgage or rent first to keep a roof over our head, we prioritize, so does uncle sam like we know we might as well toss our home good-bye. the government knows a default comes only, when...
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Jan 16, 2013
01/13
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the government hiked taxes at the end of the year. what did people do? they sold stock in december. they rolled forward bonus income. about 100 billion of income was taken in december. that money is being reinvested of the a lot of that money has been going into the market. we've seen 22 billion go into u.s. equity mutual fund and etfs. the most in a while. there is even a positive influence to u.s. equity mutual funds, if it lasts through the month, that would be the first inflow since february of 11. liz: that is good. >> yes, there are some positive things. extra money going into the economy has helped. people feel good about it but there is a problem lying in the weeds or woods, whatever, and that is if the income was taken last year, that means income this quarter is going to be down year-over-year you even get to the higher tax rates that are kicking in now. so we're going to have a problem in terms of comparisons both year-over-year and sequentially going forward here. income growth, take-home pay for people, unless there is a phenomenal pickup somewhere in the economy and ce
the government hiked taxes at the end of the year. what did people do? they sold stock in december. they rolled forward bonus income. about 100 billion of income was taken in december. that money is being reinvested of the a lot of that money has been going into the market. we've seen 22 billion go into u.s. equity mutual fund and etfs. the most in a while. there is even a positive influence to u.s. equity mutual funds, if it lasts through the month, that would be the first inflow since...
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Jan 16, 2013
01/13
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obama demands the wealthy pay their fair share of taxes, but he's just another elitist hypocrite when it comes to a fair share of security. protection for their kids and gun-free zones for ours. >> the new nra ad, which i may say i personally find utterly pathetic. earlier we spoke to the cousins of ashley moser. they have a website. log on to helpash.org if you want to help. i thank my guests. tomorrow the man who called me a you willy for my take on guns, ben shapiro returns. before we go just leave me with an overview of how you feel this has gone tonight. >> listen, it's been a good discussion. but something has to happen. and i hope the president takes a very strong measure tomorrow and i hope congress has the courage to back him up with the appropriate legislation. although i have my doubts because their past has not been any indication that they'll take strong action in the future. but i'll try to be optimistic. listen, i've heard a lot of people talk about reality checks. i've been a cop 42 years. i've been to hundreds if not thousands of crime scenes. don't know how many homi
obama demands the wealthy pay their fair share of taxes, but he's just another elitist hypocrite when it comes to a fair share of security. protection for their kids and gun-free zones for ours. >> the new nra ad, which i may say i personally find utterly pathetic. earlier we spoke to the cousins of ashley moser. they have a website. log on to helpash.org if you want to help. i thank my guests. tomorrow the man who called me a you willy for my take on guns, ben shapiro returns. before we...
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Jan 15, 2013
01/13
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or other tax. section 2, the congress shall have power to enforce this article by appropriate legislation. amendment 25 of the constitution. section 1, in case of the removal of the president from office or of his death or resignation, the vice president shall become president. section 2, whenever there is a vacancy in the office of the vice president, the president shall nominate a vice president who shall take office upon confirmation by a majority vote of both houses of congress. section 3, whenever the president transmits to the president pro tempore of the senate and the speaker of the house of representatives his written declaration that he is unable to discharge the powers and duties of his office, and until he transmits to them a written declaration to the contrary, such powers and duties shall be discharged by the vice president as acting president. mr. goodlatte: i yield to the gentleman from maryland, mr. delaney. mr. delaney. section -- mr. delaney: section 4, whenever the vice presiden
or other tax. section 2, the congress shall have power to enforce this article by appropriate legislation. amendment 25 of the constitution. section 1, in case of the removal of the president from office or of his death or resignation, the vice president shall become president. section 2, whenever there is a vacancy in the office of the vice president, the president shall nominate a vice president who shall take office upon confirmation by a majority vote of both houses of congress. section 3,...
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Jan 19, 2013
01/13
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all have state -- no state income tax and create more jobs.
all have state -- no state income tax and create more jobs.
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Jan 16, 2013
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obama demands the wealthy pay their fair share of taxes, but he is just another elitest hypocrite when it comes to protection for their kids. >> the nra suffered a big loss in new york today with governor andrew cuomo signing into law the toughest gun control legislation in the country, strengthening the state's existing assault weapons ban. >> going to put rules in place that actually protect innocent people in society. that is what the state of new york is doing today. and it says common sense can win. and good people can win. and you can actually get government to work and get good things to happen. you can overpower the extremists with intelligence and with reason and with common sense. >> the nra immediately released this statement. these gun control schemes have failed in the past and will have no impact on public safety and crime, sadly, the new york legislature gave no consideration to that reality while lawmakers could have taken a step towards strengthening mental health reporting. instead, they opted for stopping the rights of gun owners and they did it under a veil of secre
obama demands the wealthy pay their fair share of taxes, but he is just another elitest hypocrite when it comes to protection for their kids. >> the nra suffered a big loss in new york today with governor andrew cuomo signing into law the toughest gun control legislation in the country, strengthening the state's existing assault weapons ban. >> going to put rules in place that actually protect innocent people in society. that is what the state of new york is doing today. and it says...
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Jan 15, 2013
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they tax a lot. when you thought the tax by the mile thing was in park, a government study proves washington is revving to go. so you say men are superior drivers? yeah. then how'd i get this... [ voice of dennis ] ...safe driving bonus check? every six months without an accident, allstate sends a check. ok. [ voice of dennis ] silence. are you in good hands? ♪ [ male announcer ] this is karen anjeremiah. they don't know it yet, but they' gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get married, they'll find some retirement people who are paid on salary, not commission. they'll get straightforward guidance and be able to focus on other things, like each other, which isn't rocket science. it's just common sense. from td ameritrade. >> neil: i think this is what they call a hybrid to hell. you bought the gas saver to ease your pai
they tax a lot. when you thought the tax by the mile thing was in park, a government study proves washington is revving to go. so you say men are superior drivers? yeah. then how'd i get this... [ voice of dennis ] ...safe driving bonus check? every six months without an accident, allstate sends a check. ok. [ voice of dennis ] silence. are you in good hands? ♪ [ male announcer ] this is karen anjeremiah. they don't know it yet, but they' gonna fall in love, get married, have a couple of...
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Jan 18, 2013
01/13
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>> he enacted the largest tax increase at the state level in history. i resigned as the chief republican whip in protest. john: he also funded stem cell research. i talk to the guy pusng this and i said you could pay for this yourself why is it a government job? >> democrats wanted to stick a thumb into the eye of georgia bush just like the emission standards to say we are californians. john: then i read this organization has to be revamped, a conflict of interest, all of this money is invested? >> now with about the initiative another large tax increase in history now by $50 billion. but they are lying. revenue projections will not come true. the balanced budget looks good in jittery but then the revenues come of you say it is a shortfall. it could be a billion or $30 billion. we will see that happen again. john: chuck devore you moved to texas? >> the states are so similar. population, the second and third states with land mass mass, more similar than different, both last with natural resources and a coastline with ports. similar on the surface why ar
>> he enacted the largest tax increase at the state level in history. i resigned as the chief republican whip in protest. john: he also funded stem cell research. i talk to the guy pusng this and i said you could pay for this yourself why is it a government job? >> democrats wanted to stick a thumb into the eye of georgia bush just like the emission standards to say we are californians. john: then i read this organization has to be revamped, a conflict of interest, all of this money...
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Jan 16, 2013
01/13
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i think his approach raising taxes is not the way to grow our economy. nonetheless, he indicated there would be spending cuts. there were not. in fact there were spending increases in that bill. host: fix boxer's original assault gun ban. echoing a recent poll that said 30% of those polled are dissatisfied with gun laws, want to see them strengthened. not specific gun laws but, you know, saying we need to reinstitute the assault weapons ban and fix it. guest: well, the evidence -- again, we are certainly willing to listen to proposals that are offered by the president and his commission and by others, but the original assault weapons ban was not a meaningful law because it did not distinguish between the so-called assault weapon and other types of firearms that fire bullets exactly the same way in which over 100 million americans are owners of these firearms. host: could i stop you there? guest: i think that's the problem with the assault weapons ban. people think it involves machine guns and it does not. host: the new york state, as you know, just passe
i think his approach raising taxes is not the way to grow our economy. nonetheless, he indicated there would be spending cuts. there were not. in fact there were spending increases in that bill. host: fix boxer's original assault gun ban. echoing a recent poll that said 30% of those polled are dissatisfied with gun laws, want to see them strengthened. not specific gun laws but, you know, saying we need to reinstitute the assault weapons ban and fix it. guest: well, the evidence -- again, we are...
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Jan 17, 2013
01/13
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tax base. taxes don't commend, you don't have service. it is something that is tied to a lot of factors that we all try to take a look at that it's almost overwhelming. if you start driving tax bases, how decisions are affecting your future in which her vulnerabilities to disasters are based upon the resiliency of your tax base, it allows us to introduce a lot of these other issues in a way. we are not telling you you can't do something. we are giving you tools for your tax base and what your exposure is. and what that vulnerability looks like the making of budgets decisions. >> i always start with, no matter wherein he go in the world there are disastrous events in communities and one other thing no matter where you go people don't want to leave their homes. quite frankly i think that emotional reaction is exacerbated by the disastrous events. it's an emotional reaction but it's very strong and i remember i met one of the mayors and the region after the earthquake and he said immediately after, this is one of the communities that was lit
tax base. taxes don't commend, you don't have service. it is something that is tied to a lot of factors that we all try to take a look at that it's almost overwhelming. if you start driving tax bases, how decisions are affecting your future in which her vulnerabilities to disasters are based upon the resiliency of your tax base, it allows us to introduce a lot of these other issues in a way. we are not telling you you can't do something. we are giving you tools for your tax base and what your...